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Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows

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Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows

US spot Bitcoin ETFs recorded $484.9 million in net outflows on October 7, according to Farside Investors. BlackRock's IBIT led the withdrawals with $207.7 million leaving the fund, while Fidelity and ARK also posted nine-figure outflows.

Key Takeaways

  1. US spot Bitcoin ETFs recorded $484.9 million in net outflows on October 7, according to Farside Investors.
  2. BlackRock's IBIT led the withdrawals with $207.7 million leaving the fund, while Fidelity and ARK also posted nine-figure outflows.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.